Brief:

Bitcoin is up 0.16% on the day, up 7.62% on the week and up 15.81% on the month on a last price of $704.13. BTC/USD is trading between a 24hr high of $711.33 and a 24hr low of $680.00 on an OKCoin 24hr volume of 1786 BTC. The weekly trend is up.

Volume

Remarks

However, bullish events again bring our attention back to BTC/USD. BTC is seeing a continuing bull rally. Last week we reported a last price of $660.99. Today we look above the $700 mark to find the last price.

Bitcoinity All Currencies in 30 Days
The Bitcoin 30 day “all currencies” piechart reminds us just how small the BTC/USD niche market is:

Bitcoinity BTC/USD in 30 Days
Bitfinex tops the BTC/USD marketshare for the month of October 2016:

Overall
Overall while altcoins have been heavily punished this week with the whopping rise in the price of bitcoin, if you hold BTC its a different story. With Bitcoin the future of your digital assets has rarely looked better. The higher prices have pushed Bitcoin well over the 11 billion dollar market capitalization figure. Zcash looks like a flash in the pan. BTC looks rosy.

BTC has seen an increase of 15.81% on the month – a stable asset with over 11 billion in market capitalization. The Bitcoin rally continues unabated.